500 MT Au Metal bar GLD Standard (Offer to Sell)
Trade Lead Description:
COMMODITY: Au Metal using Bank to Bank Procedures
QUANTITY: 500 MT with rolls and extensions FORMAT: 12.5 Kg bars of GLD Standard, DELIVERY: C.I.F. BASIS any designated buyer’splace. PURITY: Guaranteed tobe 999.5orbetter Gold purity HALLMARK: Internationally accepted. DISCOUNT: Gross: Eight Percent (8%); Net: Five Percent (5%) on the 2nd London PM Fix at the date ofissuance of the Assay Report; COMMISSION: Total 3% comprising: 1.5% to the buyer’s mandate and Buyer’s Side, 1.5% to the Seller’s mandate and Seller’s Side (Closed).PAYMENT: Upon execution of Contract Agreement and Within 2 banking days from task 11.6, accomplishment Buyer’s Bank must issue by SWIFT to the Seller’s Bank an Irrevocable
Conditional Bank Pay Order 1) MT 103/23, 2) F/F BG (IC500 format) with TT wire transfer or 3) Revolving DLC as payment guarantee before AU lifting. Payment for each tranche qty must be released within 72hrs after assay atBuyer’sDestination. All Payments must be in good, clean, EURO or USD noncriminal Posted from India - Tamil Nadu on 6 November, 2009
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